Modelo owner Constellation Brands misses on earnings as aluminum tariffs hit profitability

Corona, Modelo brewer takes double whammy as Trump tariffs squeeze margins — and ICE crackdown slams sales

The owner of Modelo, the top-selling beer brand in the US, reported dismal earnings and revenue as its margins took a beating from President Trump's tariffs on aluminum.

Modelo owner Constellation Brands misses on earnings as aluminum tariffs hit profitability

Constellation Brands missed Wall Street's estimates for quarterly earnings and revenue, as the Modelo owner saw lower demand and paid higher aluminum tariffs.